The statement is characteristic of a
communist system include:
- The government controls the means of production.
- The government regulates a centrally planned economy.
- Prices and wages are set by the government.
- A single authoritarian party holds complete power.
<h3>What is a communist system?</h3>
It should be noted that a communist system refers to a political system that's creates a classless society.
In this system, the government plays a vital role in the economy.
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